WASHINGTON, April 14, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$300 million TERMS: Maturity = 24.5 years; Grace period = 9 years PROJECT DESCRIPTION: The project will contribute to the realization of the National Program for Community Empowerment’s (PNPM's) overall development goals, namely to reduce poverty and improve local-level governance in rural areas of Indonesia through the provision of investment resources to support productive proposals developed by communities, using a participatory planning process. The project consists of (i) block grants; (ii) facilitation support; (iii) goods, consultants' services, training and workshops; and (iv) incremental operating costs. Media Contact Mohamad Al-Arief (202) 458-5964 malarief@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P108757 |
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